Following two years PASHA Bank has issued corporate bonds in the amount of 86 million AZN

One of the largest banks in the country - PASHA Bank and the Baku Stock Exchange (BSE) have signed the first contract for the provision of services as market-maker for securities. Under the agreement, the company PASHA Capital, which is housed in PASHA Holding, will provide daily quotations for the following securities: Azerbaijan Mortgage Fund (AZ2001008682, volume of compulsory purchase - 1.5 million AZN, the spread between the prices on the sale and purchase - 3%); Unibank (AZ2008002027, AZN 200,000 and 5%); Unileasing (AZ2005005197, AZN 200,000 and 5%), Bakcell (AZ2001009466, AZN 200,000 and 5%), Bank of Baku (AZ2006005360, AZN 200,000 and 5%, respectively) .

According to a member of the Board, Chief Investment Officer (CIO) PASHA Bank Taleh Kazimov, PASHA Bank was the first to provide market-maker services for corporate securities. Based on the last two years by PASHA Bank were issued corporate bonds of issuers 5 (representatives of various industries, including banking and telecommunications sector) to the tune of 86 million AZN.

The results of PASHA Bank in the investment direction are highly appreciated the professional community, which is why the Bank was honored with prestigious international financial magazine EMEA Finance in the "Best Investment Bank of Azerbaijan."

PASHA Bank plans to further strengthen its position as a market professional, organizing issues new issuers, and to develop the securities market.

OAO "PASHA Bank" was created in June of 2007 and operates under license number 250 of the Central Bank of Azerbaijan Republic dated 28 November of 2007. Its primary objective is to strengthen leadership in the corporate customer service, quality improvement of business on priorities, strategy, as well as the creation and continued development of long-term and trusting relationship. -15D -